Seriously!! Draghi utters a few words – all of which we have seen and heard a thousand times before:

  • *DRAGHI SAYS ECB WILL DO WHATEVER IT TAKES, WITHIN ITS MANDATE
  • *DRAGHI SAYS EXPANDED PURCHASE PROGRAM COULD INCLUDE GOVT BONDS

    • and EURUSD, European stocks and bonds get uber-excited…

    European bond spreads tumbled…

    EURUSD sliding back under 1.25

    And stocks surged…

    Charts:Bloomberg

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